Auckland clients have been denied access to their money after Dasset starts its liquidation process.
Customer’s Problems And Dasset Liquidation
According to the Herald, the customers owning cryptocurrencies in Auckland have not been able to access their money for the past few months. This has led to a rapid increase in frustration and many could have thought that Dasset is now scamming the clients. This was heightened by the fact that Dasset was unresponsive to clients throughout the entire period.
Many customers have claimed that their assets value range from NZ$3000 to NZ$40,000 The CEO of Dasset, Stephen Macaskill mentioned that they had not been successful in finding a provider since the beginning of the year after their last provider quit. Adding to what he said, he mentioned that the liquidation process has begun and that customers were free to get hold of voluntary liquidation.
Moreover, if anyone wants to open an account on the platform, they are still able to, and therefore no one has been shut out of the crypto trading field.
It was reported that Stephen had a meeting with the shareholders during which he was expected to give them an explanation as well as a way forward to what was happening. Unfortunately, he failed to satisfy their needs. They managed to choose a voluntary liquidator though: Grant Thornton. He has promised to reach out to all the clients and inform them of the incoming appointment.
Safeguarding Dassets Assets
As mentioned above, Grant Thornton has been appointed to perform this role. David Ruscoe and Russell Moore are the ones responsible for this. Safeguarding the assets will be more complex than people thought it would be. Moore stated:
There are third parties involved and nearly 100 different types of digital assets. We will work with management and third parties to resolve any issues as soon as possible, and we will update all stakeholders on progress as regularly as possible.
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